“The deal sponsors have a wealth of experience owning and managing medical office buildings across the country,” says Eibler. Indeed, the firm's principals have more than 25 years of real estate experience serving corporate, retail and real estate investment clients in portfolio management, financial advisory and transaction implementation services.

“The need for healthcare services continues to grow as Baby Boomers age and newly insured citizens seek expanded medical care, and demand in the local area is growing as well,” Eibler says. “We closed this deal in a short 38 days from application, including Thanksgiving Break.”

The healthcare real estate property is part of a mixed-planned unit development known as International Center, an office park, in an area that is developed with commercial, industrial, residential, institutional, and entertainment uses. Local tenants include Century Link Sports Complex (home of the Minnesota Twins spring training baseball stadium), a Publix-anchored neighborhood center, South Ft Myers High School, and several retail strip centers.

MIAMI—A medical office property in Fort Myers, FL has secured an acquisition loan. Hunt Mortgage Group provided the $3.48 million loan to Palisades Medical Properties, an affiliate of Woodside Health.

The loan is structured as a 10-year term based on a 30-year amortization schedule with three-years of interest only. Steven Shore of BlueMark Capital was the mortgage banker who arranged the financing with Hunt.

“Palisades Park benefits from its close proximity to The Gulf Coast Medical Center, which is located less than a half mile to the east,” Dan Eibler, director at Hunt, tells GlobeSt.com. “Gulf Coast Medical Center opened in March 2009 when Southwest Regional Hospital and Gulf Coast Hospital merged into a new state-of-the-art hospital.”

Located at 6801-6831 Palisades Park Court, Palisades Park Medical Office is a 43,200-square-foot medical office building. The healthcare real estate is a multi-building, multi-unit medical office project. Palisades Park consists of four medial office buildings designed to accommodate up to six tenants per building. The healthcare real estate assets were built between 2001 and 2004.

“The deal sponsors have a wealth of experience owning and managing medical office buildings across the country,” says Eibler. Indeed, the firm's principals have more than 25 years of real estate experience serving corporate, retail and real estate investment clients in portfolio management, financial advisory and transaction implementation services.

“The need for healthcare services continues to grow as Baby Boomers age and newly insured citizens seek expanded medical care, and demand in the local area is growing as well,” Eibler says. “We closed this deal in a short 38 days from application, including Thanksgiving Break.”

The healthcare real estate property is part of a mixed-planned unit development known as International Center, an office park, in an area that is developed with commercial, industrial, residential, institutional, and entertainment uses. Local tenants include Century Link Sports Complex (home of the Minnesota Twins spring training baseball stadium), a Publix-anchored neighborhood center, South Ft Myers High School, and several retail strip centers.